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In a big industry the numbers of factors influencing a decision have increased situation has become big and complex because these factors interact with each other in complicated fashion. There is thus great uncertainty about the outcome of interaction of factors like technological environmental competitive etc. For instance consider a factory production schedule which has to take into account.
a. Customer demand.
b. Requirements of raw materials.
c. Equipment capacity and possibility of equipment failure and
d. Restrictions on manufacturing process
The following equation gives Jane's linear demand curve for visits to a nearby national park. Q is the number of visits per week and P represents the price of a pass (price per vi
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
CONSIDER A BARBER SHOP WITH ONE CHAIR, ONE BARBER AND NO ROOM FOR CUSTOMER TO WAIT. IF THE CHAIR IS EMPTY WHEN THE CUSTOMER ARRIVES,HE ENTER THE SHOP AND HIS HAIR CUT BEGINS. IF TH
Frequency Distribution Graphs Frequency distribution graphs may be histogram frequency polygon frequency curve ogive curve. 1. Histogram The histogram is draw f
Knowledge: The dictionary definition of knowledge is 'organised body of information or the comprehension and understanding, consequent on having acquired an organised body of
is model the essence of oprational research.
A farmer in the Midwest has 1,000 acres of land on which she intends to plant corn, wheat, and soybeans. Each acre of corn costs $100 for preparation, requires 7 worker-days of la
High Costs are Involved in the Use of O. R Techniques: O. R techniques usually prove very expensive. Services of specialized persons are invariably called for ( and along w
What is The proper meaning of action phase will u help me to lern it in deeply????
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